Ask Reggi Your Question Now
Can you summarize Ley N 5543/2015 Que modifica parcialmente la Ley N 1969/2002 (in Spanish)?
Paraguay Laws - Others > Ley N 5543/2015 Que modifica parcialmente la Ley N 1969/2002 (in Spanish)
Short Summary
This law modifies articles 5e and 9e of Law No. 1.682/01 ‘Regulating Private Information’, as amended by Law No. 1.969/02. The modifications specify the conditions under which personal or financial information of individuals and legal entities can be published or disclosed. The law states that such information can only be published or disclosed with the express written authorization of the individuals, in compliance with specific legal provisions, if it is publicly available, or if it pertains to financial and commercial obligations. The law also imposes the obligation on companies or entities providing information about financial and commercial situations to implement automated mechanisms to remove non-publishable data from their information systems within specified timeframes.
Whom does it apply to?
Individuals and legal entities whose personal or financial information is being disclosed
What does it govern?
Modifications to articles 5e and 9e of Law No. 1.682/01 'Regulating Private Information', as amended by Law No. 1.969/02
What are exemptions?
1) when individuals have given written authorization for the disclosure of their non-judicially claimed obligations; 2) when information is required to be published or disclosed by state or private entities in compliance with specific legal provisions; 3) when the information is publicly available; and 4) when the information pertains to financial and commercial obligations such as credit limits, monthly commitments, and outstanding balances
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Paraguay